The Richest Man in Babylon

RichestMan RichestMan RichestMan This is a classic.  Perhaps not quite in the same way as Think and Grow Rich, but it's pretty close.  It teaches the fundamentals of financial success.  In 1926 George Clason wrote the first of his parables set in ancient Babylon - which had great airing.  This short volume collects his parables, including:

  • The Richest Man in Babylon
  • The Man Who Desired Gold
  • Seven Cures for a Lean Purse
  • The Walls of Babylon

and 7 more.  The rules that the parables proclaim work just as well today as they would have in 1926, which I guess is why it's still selling like crazy - rules like 'save the first 10% of your income'.

It took me a long time to get around to reading it and eventually it was a video program by Jim Rohn that promoted me to finally pick it up.

Most of my 'success' reading is done during the day and I keep novels and fiction for the evenings.  This book combines them both and I happily read it purely for leisure - just the way we would teach children 'learn from playing' - perhaps that's why Jim Rohn uses it to tech Children and why it's sold more than two million copies.

Format: Book, 144 pages
Author: George Clason

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-Mark

My Daughter wanted a pet, so I bought her a Greyhound

My Daughter Wanted a Pet So I Bought Her a Greyhound by Gill FieldingI know, what a great title for an audio program about money!  The first unique thing about it is that its from our American friends at Nightingale Conant but Gill Fielding who is supported by Peter Thompson are both British.  The benefit of this to the folks in the UK is that Gill refers to the UK market and the situation in the UK with the UK government etc.

Gill's goal and life mission(!) is to 'Fuel the fire of your financial freedom'.  As far as I can tell, she started this in a big way by giving away nearly a quarter of millions pounds on Channel 4's 'The Secret Millionaire' TV program - wow.

The uniting topic in the program is Gill's 'Money Matrix' a grid headed up by seven topics -

  • Compounding
  • Income & expenditure flows
  • Understanding debt & interest rates
  • Pound cost averaging
  • Taking advantage of Tax and government benefits
  • The money motorway
  • Passive

So, is it any good?  Well, I've read and listened to lots of material about money and of course there is some overlap with other modern money advice programs, but in general I loved Gill's stories, her completely down to earth 'east London' style and the practicality of the material.  Some of the content, for example related to starting a business, is quite high level, but it is good advice. If you're based in the UK, I'd be happy to recommend it.

Format: 6 Audio CDs + 1 Data CD for the workbook
Author: Gill Fielding supported by Peter Thompson
Dialect: UK English

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-Mark